PayPal Announces Major Workforce Reduction and AI-Driven Restructuring
PayPal plans to cut 20% of its workforce, approximately 4,760 roles, over the next two to three years as part of a restructuring and AI integration
PayPal plans to cut 20% of its workforce, approximately 4,760 roles, over the next two to three years as part of a restructuring and AI integration
Cognizant initiated Project Leap, a global restructuring program, allocating up to $270 million for employee costs to enhance efficiency and adapt to AI.
May 5, 2026
Coinbase cut 14% of its global workforce, approximately 700 employees, citing a crypto market downturn and a strategic shift towards AI-driven operations
May 5, 2026
FreshRealm, a fresh-food platform, has filed for Chapter 11 bankruptcy, leading to layoffs affecting hundreds of employees across New Jersey and
May 4, 2026
Valmet is initiating change negotiations in Finland, potentially leading to temporary layoffs for approximately 2,400 employees due to reduced workload
Apr 29, 2026
Fort Worth ISD is weighing significant budget cuts, including widespread staff reductions and the potential closure of the International Newcomer Academy
Apr 29, 2026
Intel announced a global workforce reduction in 2025, impacting over 5,500 U.S. employees. The cuts are part of a restructuring effort.
Apr 27, 2026
KPMG is cutting approximately 100 U.S. audit partners, 10% of the division, after voluntary retirement efforts fell short. The move aligns its workforce
Apr 27, 2026
Verizon is reportedly cutting about 15,000 jobs, approximately 15% of its workforce, as part of a major restructuring effort.
Apr 26, 2026
Yellow.ai reportedly laid off over 100 employees, about 30% of its workforce, as it shifts toward agentic AI and automation.
Apr 26, 2026
Sapiens is reportedly preparing to cut around 700 to 800 jobs, about 15% of its workforce, following Advent’s $2.5 billion acquisition.
Apr 26, 2026
Angi announced a global workforce reduction affecting approximately 350 employees as part of a restructuring tied to cost savings and AI-driven efficiency improvements.
Apr 26, 2026
Kaseya cut 5% of its workforce, affecting about 250 employees, as part of a go-to-market team realignment.
Apr 26, 2026
Tipalti is reportedly laying off around 100 employees in Israel and abroad as the fintech company continues restructuring.
Apr 26, 2026
Pinterest is cutting about 700 employees, less than 15% of its workforce, as it reallocates resources toward AI-focused roles and products.
Apr 26, 2026
Zipcar is closing its Boston Seaport headquarters and cutting 126 jobs as parent Avis Budget Group consolidates corporate operations in New Jersey.
Apr 26, 2026
Expedia is planning to permanently lay off 100 employees at its Austin corporate offices near The Domain as part of broader restructuring efforts.
Apr 26, 2026
Intrepid Studios, developer of Ashes of Creation, is reportedly closing its San Diego office and laying off 123 employees, according to Game Developer and California WARN-linked reporting.
Apr 26, 2026
Envato is reportedly cutting up to 200 jobs, around one-third of its workforce, as the Shutterstock-owned company restructures around AI and faster execution.
Apr 26, 2026
Loopio has laid off 12% of its workforce, affecting an estimated 36 employees, as the company cites market conditions and long-term priorities.
Apr 26, 2026
Ubisoft is laying off 105 employees at Red Storm Entertainment and ending game development at the Ghost Recon studio as part of a strategic shift.
Apr 26, 2026
Snowflake reportedly cut about 70 employees in targeted layoffs tied to efficiency and AI growth, including technical writing and documentation roles.
Apr 26, 2026
Crypto.com has cut around 12% of its workforce, affecting about 180 employees, as CEO Kris Marszalek pushes AI integration across the company.
Apr 26, 2026
Spotify cut 15 employees, about 3% of its podcast division, affecting Spotify Studios and The Ringer amid a broader restructuring of its podcast strategy.
Apr 26, 2026
Synopsys will permanently lay off 55 employees at 675 Almanor Avenue in Sunnyvale, California, effective May 26, 2026, according to a WARN notice.
Apr 26, 2026
Fiserv Solutions plans to lay off 118 employees at its Berkeley Heights, New Jersey hub between March 31 and May 31, 2026.
Apr 26, 2026
Sight Diagnostics has reportedly laid off its remaining employees after prior cuts, putting the Israeli blood-testing startup on the brink of closure.
Apr 25, 2026
FedEx has laid off 43 workers, over a third of its workforce, at its Menands, NY shipping center. The company cited ongoing operational optimization
Apr 24, 2026